ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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central-satellite and chain
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chain and habitual
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rational and impulse
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impulse and habitual
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Detailed explanation-1: -central-satellite decision. A decision made without consideration for the consequences. spur-of-the-moment decision. A series of decisions in which one decision triggers another.
Detailed explanation-2: -The production decision is a complex one, and it is directly linked to the other two major decision areas in supply chain management, i.e., inventory decisions and capacity decisions.
Detailed explanation-3: -Decision making can also be classified into three categories based on the level at which they occur. Strategic decisions set the course of organization. Tactical decisions are decisions about how things will get done. Finally, operational decisions are decisions that employees make each day to run the organization.
Detailed explanation-4: -strategic. tactical. operational.